SAP Concur
“Can the legacy T&E leader evolve into the connective tissue between corporate spend data and embedded financial services without becoming a fintech itself?”
Founded1993
HQBellevue, Washington, USA
Latest roundAcquired by SAP (2014, $8.3B)
IndustryHorizontal SaaS / Spend Management
The story
Concur was an independent expense-management pioneer acquired by SAP in 2014 for $8.3B, becoming SAP's spend-management line. It has since expanded from expense reports into integrated travel, invoice, and cross-border payments via partners like TransferMate, Convera, and Conferma. SAP Concur is increasingly positioned as a finance-data hub rather than an embedded-finance principal — it orchestrates payments and supplier financing through third parties rather than holding licenses itself.
Product timeline
1993
Concur Technologies founded as expense management software vendor.· pivot
2014
Acquired by SAP for $8.3B; rebranded as SAP Concur.· acquisition
2016
Acquired Hipmunk to enhance travel booking.· acquisition
2020
TripIt integration deepened into SAP Concur travel product line.· acquisition
2025
Expense Payment Manager expanded to 50 currencies via Convera.· banking
2026
Announced 'Complete by SAP Concur and Amex GBT' partnership for next-gen T&E.· pivot
The stack
Payments / PSP
Lending
SAP Supplier Financing (SAP Business Network)SAP Supplier FinancingConcur Expense Cash Advance (employee advances, not lending)
FX & payouts
Accounting
Accounting gap: none